201009789 - Laserfiche WebLink

Browse

20�aU97S9 THIS SECURITY INSTRi.TMENT combines uniform cavenants for national use and nan-uniform covenants with limiCed variations by jurisdiction to constitute a uniform security instrument covering real property. UNIF�RM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borz�ower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this $ecurity Tnstrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security InsCrument is returned to Lender unpaid, Lender may require that any or all subsequent paytnents due under the Nate and this Security Instrurnent be rnade in one or more of the follawing forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institutian whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by L,ender in accordance with the notice provisions in Section 1S. i.ender may return any payment or partial payxnent if the payment or partial payments are insuf�cient ko bring the Loan current. Lender rnay accept any payment or partial payment insufficient to bring the Loan current, without v✓aiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Bonower rnakes payrnents to bring ttxe Laan current. If Borrower dces nat do sa within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not apptied eariier, svch funds will be apptied co the outstanding principat balance under the Note unmediately prior to forecIosure. No offset or claim vvhich Sorrower mighi have naw or in the futare against Lender shall relieve Borrower fram making payments due e�ncter the Note a�ad ktxis Se�xik�r Ix�tcnmmt or perfomzin�g the covenants and ag�ents secure:d by this Secvri�y Instrtts�t. 2. Ap�plieat�ioiu d P��r� or �. �ZCept as vtherwise c�scribed in this Section 2, atl payments acceptet� a�ect a�nTie�k lsy L� sha[t be applied in the following order of privrity: (a) intere,st due u.nder the 1�Iote; (b) principal due uncter the Note; (c) amounts due under Section 3. Such payct�nts shall be apptied to each Feriodic Payrnent in the order in which it became due. Any rernaining atxtounts shall be applied first to late charges, seeond to any other amounts due under this Security Instnunent, and then to reduce the principal balance of the Note. If Lender re�eives a payment from Borrower for a delxnquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payrnent may be applied to the delinquent payment and the late charge. If more than one Periadic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the �eriodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayrnents shall be applied �rst to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Prace�ds to principal due under the Note shall not extend or postpone the due date, or change the amount, af the Periodic Payments. 3. F�nds for Escrow Items. Borrawer shall pay to L.ender on the day Periodic Payments are due under the Note, until the Nate is paid in full, a surn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other iterns which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments ar ground rents on the Property, if any; (c) prerniums for any atxd all insurance required by Lender under Section 5; an.d (d) Mortgage Insurance NEeRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) (0811) Page 4 of 15 inic�ais: Form 3028 1/07 � � ; � � + °��' '. , �